Do you wish to retire in beautiful South Africa? If your answer is yes, you may look at the option of applying for a retired visa.
A retired visa application may be submitted if you are of retirement age (although there is no current age restriction at hand) and can prove that you have the right to a pension or irrevocable annuity or retirement in the amount of at least ZAR 37 000 per month. You may also submit proof that you have the right to a minimum prescribed net worth of this amount per month.
Some of the quintessential documents to be submitted with a retirement visa application are -
A confirmation from the pension authorities that you are entitled to a monthly pension of at least ZAR 37 000 per month; or
If based on assets being leased - a lease or tenancy agreement, proving that you receive a monthly rental of at least ZAR 37 000 per month
Proof of ownership of the property being leased
Bank statements, in your name, for the last 3 months proving that you are receiving the monthly ZAR 37 000 via means above
Another inconsistent requirement amongst Embassies is that a Chartered Accountant (CA) must confirm this income per month as well.
In regard to the minimum net worth option, proof of a lump sum in cash form may also be submitted at Embassies accepting this requirement. This means, proof that you have cash available for the full duration of the retirement visa (4 years) may be submitted by means of bank statements.
You may also look at the option of permanent residency (PR) based on retirement, so you can enjoy this magnificent country all year round.
Should you wish to receive more information on this wonderful opportunity of retirement in sunny South Africa, you may reach out to us via our Contact Form on www.movingsouthimmigration.com. Alternatively, we may be reached on +2773 5357 534 or sue@movingsouthimmigration.com
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